Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. Mason company uses direct labor-hours as its allocation base to compute its applied manufacturing overhead rate. The company's estimated fixed manufacturing overhead cost is
2. Mason company uses direct labor-hours as its allocation base to compute its applied manufacturing overhead rate. The company's estimated fixed manufacturing overhead cost is $1,500,000 and variable manufacturing overhead rate is $12 per direct labor hour, and total labor hours to be used is 10,000. Following tables show additional information about the company - $ 2,500,000.00 sales direct labor cost raw material purchase $ 50,000.00 $ 115,000.00 $ 150,000.00 $ 65,000.00 Actual manufacturing overhead cost $ 1.690.000.00 selling expenses administrative expenses Inventories Raw materials Work in process Finished goods Beginning Ending $10,000 $15,000 $20,000 $4,000 $45,000 $68,000 D) Suppose Mason company got a job Job A07 from the company XYZ Corp. They estimated that the job would require $2,000 for direct materials cost, $5,000 for direct labor cost, and 100 labor hours. Calculate the total cost of the job. If Mason decided to charge them 10% less than the cost of doing that job, calculate and show the price of "Job A07
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started